According to Business Monitor International (BMI), access to natural gas in Bangladesh is going to significantly increase over the coming years. This boost will come from the Bibiyana expansion project, combined with LNG imports expected from 2015. BMI anticipates that this will improve reliability in gas supply to the power sector and industry, supporting a solid growth forecast for 2015 and 2016.
Chevron has announced the completion and first gas from the Bibiyana Expansion Project in the north east of the country. New development wells and an expansion of gas processing facilities will see the project increase gas output by approximately 15 billion m3. Bibiyana is now Bangladesh’s largest producing gas field. The developments will also enable production of natural gas liquids to m...
Kuwait Petroleum International (KPI), an affiliate to Kuwait Petroleum Corporation (KPC), is considering development of $6bn crude oil refinery, with a production capacity of 10 million tons per year in Bangladesh, a high-ranking oil sector official said.
Recently, officials from KPI, Bangladesh Petroleum Corporation (BPC) and Board of Investment (BoI) met in Bangladesh to discuss details required for constructing the crude oil refinery, according to sources.
KPI is seeking the required infrastructure in the project site including land an...
A nationwide power blackout hit Bangladesh on Saturday when a transmission line supplying electricity from India broke down.
The interconnection line used for transmission of 450 MW at Bheramara in Kushtia district tripped at 11:30 am, a source at the Power Development Board (PDB) said.
The sudden vacuum caused disruption of power generation at all power plants across the country, the Daily Star reported.
Some power plants resumed generation at around 1:00 pm.
State Power Minister Nasrul Hamid Bipu said power generation is expected to return to ...
Chevron Corporation (NYSE: CVX), the US-based international oil company, Tuesday formally announced its enhanced gas production from Bibiyana gas field.
A press statement, released from Chevron’s headquarters in San Ramon of California, said that its Bangladesh subsidiary has commenced natural gas production from the Bibiyana Expansion Project in the northeastern part of the country.
The project included an expansion of the existing gas plant to process increased natural gas volumes from the Bibiyana Fi...
The governemnt has for the first time decided to set the domestic gas tariffs in line with the costs of production following requests from international oil companies for an increase, a former senior Petrobangla official told Platts Monday, October 20.
The Energy and Mineral Resources Division of the Ministry of Power, Energy and Mineral Resources, or MPEMR, asked Petrobangla earlier this month to propose an increase in the gas tariff by calculating upstream costs, former Petrobangla chairman Hussain Monsur said.
“We have started cal...
Chevron Bangladesh expects its natural gas output to have increased 25.17% year on year to 1.492 Bcf/d by the start of 2015, following the inauguration of the Bibiyana gas plant expansion project in November, Petrobangla chairman Hussain Monsur told Platts Thursday.
Chevron plans to increase natural gas output gradually from the Bibiyana gas field -- the country's largest with an average output of 850,000 Mcf/d from 17 producing gas wells -- from November, Monsur said.
In July 2012, Chevron announced a ...
